Element Net Income From Continuing Ops from 2010 to 2026
| EFN Stock | CAD 35.05 0.55 1.59% |
Net Income From Continuing Ops | First Reported 2016-12-31 | Previous Quarter 112.4 M | Current Value 125.2 M | Quarterly Volatility 82.7 M |
Check Element Fleet financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Element Fleet's main balance sheet or income statement drivers, such as Depreciation And Amortization of 35.7 M, Interest Expense of 6.8 M or Selling General Administrative of 88.2 M, as well as many indicators such as Price To Sales Ratio of 10.35, Dividend Yield of 0.0147 or PTB Ratio of 2.73. Element financial statements analysis is a perfect complement when working with Element Fleet Valuation or Volatility modules.
Element | Net Income From Continuing Ops |
Evaluating Element Fleet's Net Income From Continuing Ops across multiple reporting periods reveals the company's ability to sustain growth and manage resources effectively. This longitudinal analysis highlights inflection points, cyclical patterns, and structural changes that short-term snapshots might miss, offering deeper insight into Element Fleet Management's fundamental strength.
Latest Element Fleet's Net Income From Continuing Ops Growth Pattern
Below is the plot of the Net Income From Continuing Ops of Element Fleet Management over the last few years. It is Element Fleet's Net Income From Continuing Ops historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Element Fleet's overall financial position and show how it may be relating to other accounts over time.
| Net Income From Continuing Ops | 10 Years Trend |
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Net Income From Continuing Ops |
| Timeline |
Element Net Income From Continuing Ops Regression Statistics
| Arithmetic Mean | 179,977,054 | |
| Coefficient Of Variation | 110.50 | |
| Mean Deviation | 171,108,645 | |
| Median | 154,644,000 | |
| Standard Deviation | 198,877,634 | |
| Sample Variance | 39552.3T | |
| Range | 666.6M | |
| R-Value | 0.83 | |
| Mean Square Error | 12796.4T | |
| R-Squared | 0.70 | |
| Significance | 0.000031 | |
| Slope | 32,872,739 | |
| Total Sum of Squares | 632837T |
Element Net Income From Continuing Ops History
About Element Fleet Financial Statements
Element Fleet investors utilize fundamental indicators, such as Net Income From Continuing Ops, to predict how Element Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Net Income From Continuing Ops | 445.2 M | 467.5 M |
Pair Trading with Element Fleet
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Element Fleet position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Element Fleet will appreciate offsetting losses from the drop in the long position's value.Moving against Element Stock
| 0.82 | SU | Suncor Energy Earnings Call Tomorrow | PairCorr |
| 0.73 | MGA | Mega Uranium | PairCorr |
| 0.71 | GUG | Gungnir Resources | PairCorr |
| 0.7 | BBD-B | Bombardier | PairCorr |
| 0.67 | NWH-UN | NorthWest Healthcare | PairCorr |
The ability to find closely correlated positions to Element Fleet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Element Fleet when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Element Fleet - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Element Fleet Management to buy it.
The correlation of Element Fleet is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Element Fleet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Element Fleet Management moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Element Fleet can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Element Stock
Element Fleet financial ratios help investors to determine whether Element Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Element with respect to the benefits of owning Element Fleet security.